becoin
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Activity: 3431
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November 16, 2017, 10:29:49 PM |
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Sounds like creating a bitcoin bank with 100% reserve. Is that really new? |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Peter R
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Activity: 1162
Merit: 1007
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November 16, 2017, 10:31:16 PM |
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Hum. Didn't dump all my clonecoins, but still made what could be considered a pretty penny on the ones I did.
If shitcoins pump then I can sell them later. And if not, then bitcoin is going to keep winning and clonecoins will be there as an insurance. Either way, the future is bright.
That said, something still feels off to me. If this was all that the biggest attack on bitcoin to date could do, then... well we will see what we will see.
What happened on the weekend was Wave 1. The BCH/BTC battle will play out over several more waves through the coming months. |
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gentlemand
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Activity: 2590
Merit: 3013
Welt Am Draht
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November 16, 2017, 10:32:20 PM |
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Sounds like creating a bitcoin bank with 100 reserve. Is that really new?
Nope. But I assume the price of entry includes a bunch of assurances and backups that allows any deep pocket to pile in without the need to account for any type of security arrangements whatsoever, plus auditing and accounting for anything else they want or need. That's a large barrier of entry dealt with there and then. I doubt most of the insane trillionaires could operate a Trezor. |
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Dakustaking76
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November 16, 2017, 10:32:42 PM |
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Btc is done  Were going down call roach! |
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julian071
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November 16, 2017, 10:34:02 PM |
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Hum. Didn't dump all my clonecoins, but still made what could be considered a pretty penny on the ones I did.
If shitcoins pump then I can sell them later. And if not, then bitcoin is going to keep winning and clonecoins will be there as an insurance. Either way, the future is bright.
That said, something still feels off to me. If this was all that the biggest attack on bitcoin to date could do, then... well we will see what we will see.
What happened on the weekend was Wave 1. The BCH/BTC battle will play out over several more waves through the coming months. What's your source for that? |
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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November 16, 2017, 10:34:33 PM |
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Hum. Didn't dump all my clonecoins, but still made what could be considered a pretty penny on the ones I did.
If shitcoins pump then I can sell them later. And if not, then bitcoin is going to keep winning and clonecoins will be there as an insurance. Either way, the future is bright.
That said, something still feels off to me. If this was all that the biggest attack on bitcoin to date could do, then... well we will see what we will see.
What happened on the weekend was Wave 1. The BCH/BTC battle will play out over several more waves through the coming months. Doubt it. But hey, free money. |
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gentlemand
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Activity: 2590
Merit: 3013
Welt Am Draht
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November 16, 2017, 10:36:45 PM |
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What's your source for that?
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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November 16, 2017, 10:38:17 PM |
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Hum. Didn't dump all my clonecoins, but still made what could be considered a pretty penny on the ones I did.
If shitcoins pump then I can sell them later. And if not, then bitcoin is going to keep winning and clonecoins will be there as an insurance. Either way, the future is bright.
That said, something still feels off to me. If this was all that the biggest attack on bitcoin to date could do, then... well we will see what we will see.
What happened on the weekend was Wave 1. The BCH/BTC battle will play out over several more waves through the coming months. Good to hear. I want the best bang for my remaining BCH to increase my BTC. |
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becoin
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Activity: 3431
Merit: 1233
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November 16, 2017, 10:38:32 PM |
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The BCH/BTC battle will play out over several more waves through the coming months.
Altcash crooks battle BTC. BTC doesn't care. That's what is happening. |
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Torque
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Activity: 3556
Merit: 5041
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November 16, 2017, 10:44:08 PM |
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The BCH crew were very stupid to attempt to kill BTC while it's been on a pretty much unbroken months-long bull run, even more so with all the institutional talk swirling around.
Actually in light of all the institutional talk lately, their attack is starting to make more sense to me now. They knew that they had one final last ditch effort to win over some 'hearts and minds' to a BCH or 2X version of Bitcoin, before the CME group started firing up on 12/14 and trading Bitcoin TM futures next year. I don't think it worked, it looks like a massive fail to me. They have lost a lot of believers to their scam. And next year if Bitcoin TM's price continues to climb, winning over even more new people and more institutional investors, then it will remain more profitable to mine. |
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mymenace
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Activity: 1596
Merit: 1061
Smile
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November 16, 2017, 10:52:27 PM |
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Hum. Didn't dump all my clonecoins, but still made what could be considered a pretty penny on the ones I did.
If shitcoins pump then I can sell them later. And if not, then bitcoin is going to keep winning and clonecoins will be there as an insurance. Either way, the future is bright.
That said, something still feels off to me. If this was all that the biggest attack on bitcoin to date could do, then... well we will see what we will see.
What happened on the weekend was Wave 1. The BCH/BTC battle will play out over several more waves through the coming months. What's your source for that? How many forks? Who is attacking bitcoin? Is it coordinated? Who wants bitcoin dead or replaced? If none of this is true there is no source.... |
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doc12
Legendary
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Activity: 1284
Merit: 1042
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November 16, 2017, 10:52:46 PM |
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Hum. Didn't dump all my clonecoins, but still made what could be considered a pretty penny on the ones I did.
If shitcoins pump then I can sell them later. And if not, then bitcoin is going to keep winning and clonecoins will be there as an insurance. Either way, the future is bright.
That said, something still feels off to me. If this was all that the biggest attack on bitcoin to date could do, then... well we will see what we will see.
What happened on the weekend was Wave 1. The BCH/BTC battle will play out over several more waves through the coming months. Nice, will buy some for 0.005 when Bitmex dumped your Shitcoin to earthcore ... |
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WhatsBitcoin
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November 16, 2017, 10:57:01 PM |
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With Bitcoin Cash, Bitcoin Gold, and more spinoffs announced each week, it seems that this idea's time has finally come.
Congrats to all the thoughtful people who contributed to this thread.
bcash is old news already. your success will be your failure. |
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alexeft
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Activity: 854
Merit: 1000
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November 16, 2017, 11:03:02 PM |
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With Bitcoin Cash, Bitcoin Gold, and more spinoffs announced each week, it seems that this idea's time has finally come.
Congrats to all the thoughtful people who contributed to this thread.
bcash is old news already. your success will be your failure. Like! PS: I know this not facebook but what is someone to do! |
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fluidjax
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November 16, 2017, 11:13:07 PM |
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Hum. Didn't dump all my clonecoins, but still made what could be considered a pretty penny on the ones I did.
If shitcoins pump then I can sell them later. And if not, then bitcoin is going to keep winning and clonecoins will be there as an insurance. Either way, the future is bright.
That said, something still feels off to me. If this was all that the biggest attack on bitcoin to date could do, then... well we will see what we will see.
What happened on the weekend was Wave 1. The BCH/BTC battle will play out over several more waves through the coming months. Please, please don't sell any more....  |
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fragout
Legendary
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Activity: 1279
Merit: 1018
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November 16, 2017, 11:13:57 PM |
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Sounds like creating a bitcoin bank with 100 reserve. Is that really new?
Nope. But I assume the price of entry includes a bunch of assurances and backups that allows any deep pocket to pile in without the need to account for any type of security arrangements whatsoever, plus auditing and accounting for anything else they want or need. That's a large barrier of entry dealt with there and then. I doubt most of the insane trillionaires could operate a Trezor. What is the pricing? There is an initial setup fee of $100,000 USD, and a fee of 10 basis points per month on assets stored. Note that pricing is subject to change as we continue rolling out early access. Easy money if you can get it i guess |
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Ludwig Von
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November 16, 2017, 11:14:11 PM |
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The BCH crew were very stupid to attempt to kill BTC while it's been on a pretty much unbroken months-long bull run, even more so with all the institutional talk swirling around.
Actually in light of all the institutional talk lately, their attack is starting to make more sense to me now. They knew that they had one final last ditch effort to win over some 'hearts and minds' to a BCH or 2X version of Bitcoin, before the CME group started firing up on 12/14 and trading Bitcoin TM futures next year. I don't think it worked, it looks like a massive fail to me. They have lost a lot of believers to their scam. And next year if Bitcoin TM's price continues to climb, winning over even more new people and more institutional investors, then it will remain more profitable to mine. Yeps. WuVer want to be in the good fellas club of Wallstreet and ROW subsidiaries. By hijacking BTC. Like all the new parvenues they desperately try to get in. But this club does not allow failure and has no mercy even for the club members, less so for would be 's. But yet, I also think they will not give up that fast. |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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November 16, 2017, 11:16:26 PM |
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I also think they will not give up that fast.
The longer they leave it until the next attempt the more puerile they'll appear than they do already. BCH will always be out there, but I don't know how much lead they have left in their pencil for a proper hijacking. |
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fluidjax
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November 16, 2017, 11:19:37 PM |
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I also think they will not give up that fast.
The longer they leave it until the next attempt the more puerile they'll appear than they do already. BCH will always be out there, but I don't know how much lead they have left in their pencil for a proper hijacking. With people like Billionaire Novogratz in the wings, they would be better off trying to build organically little by little. Problem is it's not going to be as fast as BTC, so the BCH:BTC price is going to continue falling. |
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GHCoins45
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November 16, 2017, 11:20:31 PM |
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The BCH crew were very stupid to attempt to kill BTC
We're not trying to kill Bitcoin Segwit. We are merely building Bitcoin Cash to be all that it can be -- in order to take its rightful place as the dominant Satoshi derivative. I'm sure we've had a fair share of fly by night pump n dumpers. But enough of us are playing a long game. Those of you thinking this is over may want to rethink. We don't care, just don't spam/attack our Bitcoin and we're good. |
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